Genting Singapore

With little domestic demand, Genting Singapore 'needs time to get back on its feet': analysts - THE EDGE SINGAPORE

Broker's Calls

With little domestic demand, Genting Singapore 'needs time to get back on its feet': analysts

After reporting a 26% drop in 1QFY2021 net profit last week, analysts are saying Genting Singapore needs time to get back on its feet, as domestic visitors do little to fill gaming tables

Genting Singapore posts 26% drop in 1Q21 net profit on continued Covid-19 impact - THE EDGE SINGAPORE

Results

Genting Singapore posts 26% drop in 1Q21 net profit on continued Covid-19 impact

Genting Singapore has reported a 26% y-o-y decline in net profit after tax to $34.5 million for the 1QFY2021 ended March.

Genting Singapore responds to SGX query on chairman Lim's remuneration - THE EDGE SINGAPORE

Company in the news

Genting Singapore responds to SGX query on chairman Lim's remuneration

Genting Singapore has responded to queries raised by Singapore Exchange Regulation (SGX RegCo) with relation to the company’s FY2020 annual report, including disclosures that its chairman

Genting Singapore's Lim's pay for pandemic year doubles to at least $21.25 million - THE EDGE SINGAPORE

Company in the news

Genting Singapore's Lim's pay for pandemic year doubles to at least $21.25 million

Genting Singapore’s revenue more than halved between FY2019 and FY2020 to $1.06 billion.

Property

Las Vegas Sands to sell Vegas properties for about $8.3 bil in sharper Asia focus

Las Vegas Sands, founded by late billionaire and casino mogul Sheldon Adelson, said on Wednesday it would sell its Vegas properties for about US$6.25 billion ($8.32 billion) to focus on Asia, home

Genting Singapore ends FY2020 in the black with earnings of $69.2 mil - THE EDGE SINGAPORE

Results

Genting Singapore ends FY2020 in the black with earnings of $69.2 mil

Despite suffering from the pandemic, Genting Singapore managed to stay in the black for the year ended Dec 2020.

Maybank Kim Eng keeps Genting Singapore at 'buy', following strong numbers from MBS - THE EDGE SINGAPORE

Broker's Calls

Maybank Kim Eng keeps Genting Singapore at 'buy', following strong numbers from MBS

Maybank Kim Eng’s Yin Shao Yang is keeping his “buy” call and 95 cents target price on Genting Singapore, following 4QFY2020 earnings reported by Las Vegas Sands Corp.

Sheldon Adelson, boss of Marina Bay Sands, dies at 87 - THE EDGE SINGAPORE

Company in the news

Sheldon Adelson, boss of Marina Bay Sands, dies at 87

Sheldon Adelson, who built the largest casino company in the world and used his wealth to support Republican candidates and groups, has died. He was 87.

Genting Singapore's Universal Studios hit capacity limits - THE EDGE SINGAPORE

Company in the news

Genting Singapore's Universal Studios hit capacity limits

Genting Bhd’s 52.66%-owned subsidiary Genting Singapore Ltd’s operating unit Resorts World Sentosa (RWS) said the Universal Studios Singapore theme park within RWS has reached capacity for Thursday

Sector Focus

Tourism most hard-hit sector in 2020; impending vaccination offers hope

For the most part of 2020, everyone has had to put their travel plans aside.

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